Data Science Platform Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2027

The data science platform market is anticipated to grow at a significant CAGR of over 25% during the forecast period. Data science platforms are generally used by scientists for various common purposes such as to plan strategy, uncover actionable insights from data and communicate those insights throughout an enterprise within a single environment. Data science platforms include a variety of technologies for machine learning and other advanced analytics uses. 

The major factor contributing to the growth of the global data science platform market include the increasing adoption of data science platforms among various enterprises, which has aided enterprises in addressing the business queries with the help of actionable insights delivered. This, in turn, has resulted in an enhanced and maximized Return on Investment (ROI) of the enterprises. Moreover, the radical changes in the roles of IT and analytics in various businesses will also aid the growth of the data science platform industry considerably. However, the high cost associated with the implementation and maintenance of the data science platform will restrict the growth of the market.

Key Market Players

The data science platform market comprises key solution providers, such as IBM Corporation (US), Microsoft Corporation (US), Alphabet Inc. (Google) (US), Altair Engineering, Inc. (US), Alteryx, Inc. (US), MathWorks  (Australia), SAS Institute Inc. (US), RapidMiner, Inc. (US), Cloudera, Inc. (US), Anaconda, Inc. (US), Wolfram (US), Dataiku (US), Civis Analytics (US), H2O.ai. (US), Domino Data Lab, Inc. (US), RStudio, Inc. (US), Rapid Insight (US), DataRobot, Inc. (US), Rexer Analytics (US), SAP (Germany), and Databricks (US).

Data Science Platform Market Segments:

By Deployment Type

• Cloud-Based
• On-Premises

By Business Function

• Marketing
• Sales
• Logistics
• Other Applications

By Industry Verticals

• IT & Telecommunication
• Healthcare
• BFSI
• Manufacturing
• Retail
• Others

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• We cover more than 15 major industries, further segmented into more than 90 sectors.
• More than 120 countries are for analysis.
• Over 100+ paid data sources mined for investigation.
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Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Data Science Platform Market Report

• What was the Data Science Platform Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Data Science Platform Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Data Science Platform Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.